02/02/10 Stockholm, Sweden – It’s a textbook case of when doing less is more. If the Obama administration had better kept its powder dry, instead of spending so profligately, it perhaps wouldn’t be stuck doing so much backpedaling.
Now the federal budget’s in pieces and it seems too late to be begging from the too big to fail banks.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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Perhaps too big to fail is too big to exist. No one is permitted to have a salary greated than the President. No company can have a balance sheet with more than say a trillion. Just limit the number of columns on their green accounting pads. 1,000,000,000 is a lot!
But then we wouldn’t need a lot of federal bureacrats to tell us that we are screwed!!!